#firstdealofthenewyearFateema A Forex demo account is a simulated trading account that allows traders to practice trading with virtual money in real market conditions. It provides an opportunity to learn how the market works, test strategies, and get familiar with the trading platform without risking real funds. Demo accounts offer a risk-free environment, making them ideal for beginners or traders experimenting with new techniques. While it mimics live trading, it lacks the psychological pressure of actual trading with real capital.